The September Grain Stocks report did not fail to be exciting. The report featured plenty of ammo for corn and soybean bulls while wheat received positive news as well. Most notably, the report found 2.114 billion bushels in storage on 1 September, far less than the 2.4 billion the market expected. Similarly, the 913 million bushels (mbu) of soybeans in storage was below the market estimate of 982 and well below the psychologically important 1-billion-bushel mark.
While the Grain Stocks report was the day’s focus, the weekly Export Inspections report was an early blip on the radar. Notably, the report set up soybeans for a more bullish day, with 36.1 mbu shipped last week, above the 33.9 mbu needed to keep pace with USDA&rsqu...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
